Yes its a tough report for investors and equally tough to...

Yes its a tough report for investors and equally tough to understand. The report is bitter sweet, signs of growth on one hand while facing margin pressures in the main business.
Regulatory obligations also have a compliance cost to it, nothing to do about that, its world wide issue. Issues on balances, well that's simply an IT and operating issue, which appears action have been taken.
To me the real question investors will have to ask , is current management up to it? A few things need to be done.
Can management do it? Grow. We see excellent results in the Business division. But do we believe that management can grew the volume in the main business to overcome the reduced margins not an easy task.
Yes, share price may go down the 20% but for me the dividend rate on the half year is 3.8% which double and a good plus more than annual term deposit rates.
So willing to see a fall back hopefully an over reaction as well to pick up more even at 5 cents dividend I would be happy not easy to come by nowadays.